06 May 2010 15:08 [Source: ICIS news]
LONDON (ICIS news)—Dow Chemical’s No 2 cracker at its Terneuzen site in the Netherlands has been shut down because of a technical issue and will be offline for at least a week, a company source said on Thursday.
“No 2 Terneuzen tripped yesterday [Wednesday 5 May]” the source said.
Dow recently had some production difficulties at its ?xml:namespace>
Scheduled maintenance was still under way at its cracker at Boehlen in
Several other European crackers were reported to be experiencing hiccups in production.
Ethylene supply was now tight for May, sources said. Planned maintenances were not quite over and demand from derivatives was healthy. Export cargoes booked in April had also taken some flexibility out of the market.
Spot prices were being pegged at €875/tonne ($1,122/tonne) FD (free delivered) NWE (northwest
Cracker by-products propylene (C3) and butadiene (BD) had been already in short supply since the beginning of the year and these latest production problems would only exacerbate the situation, sources said.
Propylene spot prices were recently assessed at around €1,000/tonne CIF (cost insurance freight) NWE, while butadiene spot prices were so far seen to be holding at €1,600/tonne FD NWE, according to ICIS pricing.
$1 = €0.78
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